Texas Tech University

Best Free Credit Cards

September 20, 2022

WALLET HUB - WalletHub makes it easy to find the best free credit card for you.

A free credit card is an offer with no annual fees, monthly fees or one-time membership fees. Some free credit cards also have 0% introductory interest rates, $0 balance transfer fees and no foreign transaction fees. The best free cards are usually reserved for people with good or excellent credit, but no-fee options are available to people of all credit levels (some cards are from WalletHub partners). Even folks with bad credit can usually find a free credit card, as long as they're willing to place a refundable deposit.


Ask the Expert

Frank A. Ciarliero, Ph.D. – Assistant Professor, Department of Economics, Texas Tech University

  • What does the term “free credit card” mean to you? What do you think it means to the average consumer?
  • Can a credit card really be free?
  • How do credit card companies make money off of cards with no annual fee and 0% introductory APRs?

Ciarliero shares his responses here.